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Upturn AI Summary
VanEck Africa Index ETF(AFK)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for AFK
10/02/2026: AFK (1-star) is a SELL. SELL for 2 days. Simulated Profits (-5.25%). Updated daily EoD!
VanEck Africa Index ETF (AFK) offers targeted exposure to the African equity market by tracking the MVIS GDP Africa Index. Its primary strength is providing a rare, diversified vehicle for pan-African investment, which is otherwise difficult to access. AFK is best utilized as a satellite position for investors seeking high-growth potential in frontier regions. However, investors must be aware of significant risks, including high volatility, currency fluctuations, and liquidity concerns inherent in these markets. This fund is most suitable for experienced, risk-tolerant investors willing to monitor regional economic and political conditions closely.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Long-term growth is possible, but extreme volatility often offsets potential gains. |
| Momentum investor | Strong fit while signal remains positive | Momentum investors may find opportunity during temporary rallies in frontier market prices. |
| Value investor | Strong fit | Many underlying assets often trade at significant discounts to developed market equivalents. |
| Dividend/Income investor | Weak fit | This fund is primarily focused on capital appreciation rather than consistent income generation. |
| Low-risk investor | Weak fit | The fund exhibits high volatility and geopolitical risks unsuitable for conservative portfolios. |
Investor Profile
Ideal Investor Profile
The ideal investor is a sophisticated, high-risk-tolerance individual seeking long-term geographic diversification in frontier markets.
Suitability
Best suited for tactical investors who understand the risks of frontier markets, not for passive core holdings.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Frontier markets are prone to significant price swings due to economic instability. |
| Market risk | High | Exposure to regional political and economic changes poses systemic risk. |
| Concentration | Medium / high | A limited number of countries and sectors dominate the index composition. |
| Tracking/expense | Medium | Higher management fees are necessary to facilitate trading in complex frontier markets. |
| Liquidity | High | Low trading volumes may make it difficult to exit positions without impacting price. |
| Business/sector quality | Medium | Governance standards vary significantly across the diverse markets in the fund. |
Risk Analysis
Volatility
AFK exhibits high historical volatility due to the frontier nature of its constituent markets.
Market Risk
Risks include currency devaluation, political unrest, and regulatory uncertainty within Africa.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Geography | South Africa Equities | 35 | South Africa represents the largest developed capital market presence in the portfolio. |
| Geography | Nigeria Equities | 15 | Nigeria provides exposure to a major frontier economy and significant energy/financial sectors. |
| Geography | Morocco Equities | 10 | Morocco offers a more stable, North African economic perspective to the holdings. |
| Geography | Egypt Equities | 10 | Egypt is a key North African market with unique regional economic drivers. |
| Sector | Financials/Materials/Energy | 30 | These sectors dominate the African equity landscape, reflecting the region's resource-rich economy. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type ETF | Historic Profit 2.36% | Avg. Invested days 59 | Today’s Advisory SELL |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/02/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Oct 2, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $97.33M |
| Issuer | VanEck |
| Expense Ratio | 0.98% |
| Distribution Yield | 0.93% |
| Inception | Jul 10, 2008 |
| Index Tracked | MVIS GDP Africa |
Performance
| Period | Total Return |
|---|---|
| YTD | +0.60% |
| 1 Year | +11.69% |
| 3 Year | +25.38% |
| 5 Year | +7.66% |
| 10 Year | +5.51% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 26.66% |
| 3Y Volatility | 19.7% |
| 3Y Sharpe Ratio | 1.02 |
Ratings
| Metric | Value |
|---|---|
| Morningstar Rating | ★★★★★ |
| Sustainability Rating | 3 / 5 |
| Benchmark | MSCI ACWI Ex USA NR USD |
Market Cap Distribution
| Cap Size | Weight |
|---|---|
| Mid Cap | 65.82% |
| Large Cap | 22.37% |
| Small Cap | 7.34% |
| Mega Cap | 0.02% |
Top Sectors
| Sector | Weight |
|---|---|
| Financial Services | 33.16% |
| Basic Materials | 33.09% |
| Communication Services | 10.99% |
| Energy | 10.71% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Portfolio P/E | 9.26x |
| Portfolio P/B | 1.96x |
| Portfolio P/S | 1.88x |
| Holdings Turnover | 34.0% |
Top Holdings
| Holding | Weight |
|---|---|
| ATTIJARIWAFA BANK | 4.48% |
| AngloGold Ashanti | 3.98% |
| ARADEL HOLDINGS | 3.61% |
| Firstrand | 3.35% |
| Endeavour Mining | 3.32% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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